Ramco Cement set to boost capacity

Print this page

India: Ramco Cement is set to complete its expansion works, aimed at raising total production capacity to 20Mt/yr from 12.5Mt/yr, by the end of 2020.

Ramco’s capacity utilisation in the three months to 30 June 2019 was 90%, 23% above the national average of 67%. ProjectsToday reports that the company is investing US$467m in developments, including a US$347m grinding plant in Arunachal Pradesh.

The company reported net profits of US$26.7m in the quarter to 30 June 2019, up by 53.6% from US$17.3m in the same period of 2018, against a backdrop of a struggling domestic market, with national cement sales in July down by 2.8% to 3.6Mt from 3.5Mt a year ago.

Last modified on 04 September 2019

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

URL: https://globalcement.com/news/item/9792-ramco-cement-set-to-boost-capacity

© 2024 Pro Global Media Ltd. All rights reserved.